Daikin Industries,Ltd. (OTCMKTS:DKILY) Short Interest Update

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 65,000 shares, a decrease of 32.6% from the September 30th total of 96,500 shares. Based on an average daily volume of 939,000 shares, the days-to-cover ratio is currently 0.1 days.

Daikin Industries,Ltd. Stock Down 0.1 %

Shares of DKILY stock traded down $0.01 during mid-day trading on Friday, hitting $11.80. The stock had a trading volume of 217,308 shares, compared to its average volume of 508,055. Daikin Industries,Ltd. has a 12-month low of $11.16 and a 12-month high of $17.14. The firm’s 50-day moving average is $12.66 and its two-hundred day moving average is $13.56. The firm has a market capitalization of $34.59 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.07.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter. Daikin Industries,Ltd. had a return on equity of 8.12% and a net margin of 5.35%. The business had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.82 billion. On average, analysts predict that Daikin Industries,Ltd. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th.

About Daikin Industries,Ltd.

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company’s air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.